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Property profile & analytics
FOR LEASE
Flex space
211 Lathrop Way Sacramento, CA 95815
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3324122
For Lease
$3,135,000
211 Lathrop Way, Sacramento, CA 95815
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Construction
TILT-UP CONCRETE
Total area
19,536 SF
Lot
1.46 ac (63,597 SF)
Zoning code
M-1-PC
APN
275-0300-019-0000
UPID
US09-3324122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Yarbrough's Catering and Meal Delivery Take-out & Catering Catering Service
-
Fantastic Kitchen Restaurant
-
Adaptive Contracting Construction Company General Contractor
-
Grazing Craving Specialty Food Shop Butcher
-
Suga-Qs Filipino & Southern Cuisine, LLC Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$3.45M
Blend (final)
Blend
$3.14M
Owner & transaction history
Cms Lathrop Way LLC · 21 yrs held
Cms Lathrop Way LLC
since 2005
5 recorded transactions
Zoning & alternative use
M-1-PC · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+18.9%
Medical building
$5.0M
+18.4%
Commercial (general)
$4.6M
+9.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,470,000
6.5%
$2,280,000
7%
$2,120,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,205,000
Current use
AUTO REPAIR, GARAGE
$5,000,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$4,975,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,620,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,395,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$160 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,790
Tax year 2024
Assessed value
$2,242,067
Assessed 2024
Previous assessed
$2,242,067
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$448,690
Assessed improvement
$1,793,377
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
19,536 SF
Lot
1.46 ac (63,597 SF)
Zoning code
M-1-PC
APN
275-0300-019-0000
UPID
US09-3324122
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-1-PC · Sacramento, CA
Zoning M-1-PC · permitted uses
M-1-PC · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Cms Lathrop Way LLC
Entity
Mailing address
2323 S BASCOM AVE STE #100, CAMPBELL, CA 95008-4396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Cms Lathrop Way LLC
—
Deed
related
$3,800,000 · The Golden 1 Cu
Dec 21, 2017
—
Cms Lathrop Way LLC
—
Deed
related
$2,500,000 · Miscellaneous Ins Co
Jan 3, 2005
—
Cms Lathrop Way LLC
Caputo D & D 1987 Trust
Grant Deed
related
—
—
—
Cms Lathrop Way LLC
—
Deed Of Trust
related
$4,075,000 · Canada Life Insurance Co Ameri
—
—
Cms Lathrop Way LLC
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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